August 20, 2018: Kalika Power Company (KPCL) is set to issue Rs 120 million worth of IPO.
Earlier, the company issued 600,000 units of IPO worth Rs 60 million to locals of affected area of Gorkha.
Kalika Power has appointed Kathmandu Capital Market and Global IME Capital as its issue manager.
Kalika Power is operating 6MW Daraudi A Hydropower Project in Gorkha.
ICRA Nepal has assigned Grade 4 rating to the IPO indicating below average fundamentals.